coch and u.p.s. coming up next >> u.p.s.s on track to achieve its 2022 targets after fedex a few weeks back warned about worldwide recession. hmm. and jamie dimon's new warning. he said geopolitical risks are, quote, far more concerning than worries about a recession. >> let's begin with this morning's earnings parade, especially the industrials, jim. i heard you talking about g.e. with becky some of the weakness centered in renewable power >> yeah renewables was not good. larry is not going to deny that. he does feel ultimately inflation reduction act is going to be great for them a lot of infrastructure has been great for them maybe even small factor nuclear reactors down a little but it was not good. and they have to make it better. because, otherwise, people will say they will need more cash they say they don't need more cash but it's the black mark because i liked health care and aerospace. but i think the government is going e this into a real company. particularly with onshore wind there's so much money going toward e

we haven't heard u.p.s.ut a slowdown like fedex but the margin numbers will reveal if there was and how the company responded and if they were able to respond in time. four-year guidance key if there was a slowdown you would have expected to hit the holiday quarter. here is what we know revise estimates 2% lower last week after originally forecasting that volumes would be flat. that may seem minor. over certain levels it has been a big part of the revenue. it could hit overall revenue last but not least analysts say they are eager about volume, slowdown, recession, et cetera carol tome launched better not bigger with the focus on sweating assets and more on maximizing existing capacity they are planning to ramp out bigger and bolder. >> thank you very much ari wald, any trade on u.p.s. or too late to sell >> listen, brian, this strength in industrials on the machine ry side is not in transports, why it has been weaponed down by this industry that has been in a trading range for a number of years and not doin

. >> u.p.s. to deliver their earnings report tuesday before the bell guy? >> as a great band -- i know tim is one of his favorites, great white and their song "once bitten twice shy", which is an awful song, and i'm thinking the same thing here. fedex ran us down a path, and i think they're going to fall to the same pressures hasn't bounced since the lows a wuk ago. i think we're in for another warn i would fade it. >> guy worked at u.p.s. >> guy, seriously? >> yeah. >> what were you doing >> he was u.p.s. >> killing it. >> one of my favorite reporter at cnbc did this story that the outlook for e-commerce is lower by 2%. not a big deal in a normal year when it's going up, but this year it's pretty much flat julie work that trend, a downward trend of e-commerce, more people shopping in stores, trade it or fade it? >> i like paying attention to the name because it tells you so much about the consumer. i'm more interested in what they have to say about their supply chain and how disputes, labor disputes, intermodel we had with j.b. hunt this week. i'm curious

one of our traders is saying no mas and hello to the competition, u.p.s inside the switcheroo. i'm melissa lee this is "fast money. karen finerman, steve grasso, shares plunging to the tune of 13% right now. the social media giant missed on earnings and warned of a weak fourth quarter that big bet on the metaverse not paying off, the stock dropping to its lowest level since 2016 the call just getting started at the top of the hour. straight to julia boorstin >> reporter: that is a smaller drop than analysts expected. earnings missed expectations and the revenue outlook on the lighter end of what analysts were looking for reality lab losses aren't slowing, that's another thing to keep in mind despite concerns about how much meta is sinking into its metaverse building division i spoke to meta outgoing cfo, and he told me currency is a stronger headwind than they expected they are expecting to see macro head winds factoring into their 2023 budget. he was bullish on reels saying they are pleased with the engagement on reels and they're making progress on making money from reels he

no that exact point was what i was going to ask you about u.p.s.nd whether it's a better bet related to how they managed capacity and supply chain and whether they are going to give as much back as fedex is having to. >> yeah, so i think for both of them and for u.p.s. as well what you've seen there is different in the way they've managed the macro this year. they've spent most of the year telling us that things were slowing and they prepared for that and they haven't invested quite as heavily as fedex. i've always thought of fedex investing to stay ahead of growth while u.p.s. has always invested to catch up to growth i don't think that has changed i just think they've managed it a little bit differently and also remember u.p.s. has, i guess, frozen is the right word the amount of volume they're willing to take from amazon. it's 11% of their revenue and over time that's going to drop as they focus on higher margin businesses, which fedex is not really doing right now, fedex is more on the e-commerce side. >> so it sounds like you like it better, b

we reached out to u.p.s., fedex and dhl.sort of payment through text messages. experts say if you receive any link from a number you don't recognize, do not click on it. >> all right, trevor. thanks very much. >>> coming up later, the potential dangers of online gambling. one teen sharing how the habit he started at 15 turned into an obsession spiraling out of control. the warning for parents this morning. >>> and coming up next, lara is breaking down one of the most popular halloween hacks of the year. we'll be right back. >> don't do this. use a hand mixer instead. use a hand mixer instead. o! (vo) you can be well-groomed. or even well-spoken. (man) ooooooo. (vo) but there's just something about being well-adventured. (man) wahoooooo! (vo) adventure on a deeper level. discover more in the subaru forester wilderness. love. it's what makes subaru, subaru. subaru is the national park foundation's largest corporate donor. becoming a morning person starts the night before with new neuriva relax and sleep. it has l-theanine to h

u.p.s. shares also falling in sym sympathy fedex has plummeted 25% since the co issued a dire warning on september 15th about dramatically lower profits and of a global slowdown that could lead to a recession. i've been in contact with fedex, they said the company is updating individual contractors that operate its residential e-commerce focused grand unit and they say the updates are an extension of the original warning from their ceo since then there have been a lot of questions, are fedex's problems execution issues or a sign of something bigger if you look like each with today's warning we haven't seen a major downturn in other stocks that are tied to holiday shipping, for example, union pacific and ch robinson get a major portion of their revenue from asian imports, their stocks not taking a major move to the down side after that warning despite concern of a holiday slowdown the forecast from ship matrix, a leading data provider, is for e-commerce to be flat year over year, about $92 mi

and u.p.s. having a mixed quarter. the stock is lower coming up on the show today, you'll hear from the ceo of another earnings mover, european software giant sap, woo el get a good read for him on corporate tech spending and how the company is navigating an uncertain market overseas. very much a bellwether for cloud and software spend let's get straight to the market desk for a read on this three-day rally with mike santoli. where is the pressure on yields coming from? >> globally. seemed like overnight we got some very weak economic numbers out of europe, it drag yields down the case could be made, i was trying to point to it the end of last week and over the weekend, you saw a capitulation in bonds in terms of the angle of assent in yields and the volatility levels and some of the flows look at where that leaves us the s&p 500 giving room again for hope for the bulls temporarily. this little downtrend from the august high has -- at this point been broken, that's a first step you can look at this chart, a way of char

u.p.s. reported adjusted earnings per share at $2.99 a share. revenue slightly below the c consensus of 21.3. that is slightly the math on that the company saw softer demand, but was able to offset that with higher prices. the ceo carol tome will be on "squawk on the street" later today. >>> we while hear from 3m and ge and coca-cola in the next hour or so. we will bring you the numbers as they hit an interview with mary barra at 7:50 a.m and then alphabet and microsoft will report as well as visa and chipotle we have case-shiller home prices at 8:00 a.m. today and then the consumer confidence price read out at 10:00 a.m. >>> we have steve liesman here with the happerapid update >> the u.s. growth rebounded in the third quarter. it will half to zero and turn negative according to the first economists we interviewed. forecast to 2.4% when reported this thursday by the government for the third quarter. gdp in the current quarter will go into half at 1.2% and falls to zero and turns negative by the second quarter of 2023 the average debate inside t

we will hear from u.p.s., 3m, ge and gm that is in the next hour alphabet reports after the c closingeport stating adidas is cutting ties with kanye west. take your time after his recent comments and anti-semitic social media posts. >>> and rishi sunak set to deliver his first speech at uk prime minister we will have highlights on this tuesday, october 25th, 2022. "squawk box" begins right now. >>> good morning welcome to "squawk box" here on cnbc we're live from the nasdaq market site in times square. i'm rebecca quick along with joe kernen and andrew ross sorkin. if you look at what is happening with the u.s. equities at this hour, we are looking at a little bit of pressur

we are carol tome from u.p.s.k, and one thing she talked about is the idea of it's a little return to pre-pandemic norms in terms of things like consumer behavior and how they're shopping but it's also the fact we are seeing this economic slowdown what are you seeing through your different business segments and how do you expect that to translate in terms of economic activity into next year? >> look, carol is a friend and u.p.s. is a great partner. year over year consumer spending was up 8.2%. month-to-month, that spending remains fairly steady. i think the key is in the same way merchants during the pandemic had to reset how they did business and where they sold, the same thing goes now. if one channel isn't working well, shift to a different channel. we announced a new integration with google on audiences our integration with tiktok and spotify and snap is we want to make it easy former chants to find more customers regardless of the client. i think we'll see a good holiday season it remains to be seen how stron

u.p.s. delivered strong quarterly profits thanks to higher prices. profit margins expanded even with sales missed and package volume fell and guidance for rest of the year and on track for a worst day in nearly two decades for xerox q2 earnings less than half on the consensus. supply contain constraints among the reasons. weber shares soar. the stock trading above offer price, still less than half of weber's ipo price from a little more than a year ago and adidas is parting ways with kanye west, now known as ye. adidas says his recent comments were dangerous and anti-semitism or hate speech isn't tolerated dropping the ye line will drop profit by about $250 million >> taking time, did it contessa. thank you. >>> mesa releasing the quest pro headset this morning a day after rad gersner wrote a letter to the company urging them to cut back on metaverse spending julia boorstin has more on the headset and how invertors are thinking about meta's growth did they not tell you you're supposed to wear your goggles for today's show >> do it virtually meta's ne

do you think amazon is better positioned than, say, a fedex or u.p.s. going into this holiday season >> i think that amazon is better positioned i think there's two things going on there one is the concerns around economic demand and consumer spending that's going to hurt both of them at some level this year and, again, why amazon's trying to get out in front of this with prime day. the other thing is that amazon has built, they have built more than a fedex in the last ten years from scratch and have basically their own supply chain logistic system now, and so fedex is losing market share as well as facing the head wind of the consumer spending. so i think amazon is ramping up to hire and going to have a very impressive combination of talking about gig economy workers. they've got these small businesses that are independent contractors that do last-mile delivery for them. a different model than the pure gig economy but an ecosystem built over the last decade impressive and will hurt fedex, i think. >> matt, talk more about inventory. part of my concern

carriers like u.p.s.r shipping rates and the cost of labor, those workers that go through and sort through the returns to make sure they're good quality, that has also gone up, and retailers are being hit by high inflation, their profits are getting squeezed. this is, of course, going to be a disappointment to people who like to, as victor said, buy multiple colors, sizes, you return what you don't like. but that does add up. retailers accepted $100 billion of online returns in 2020. that went up to $218 billion last year. it's whether or not the shipping return fees annoy customers enough that they end up taking their business elsewhere. >> so now we've got a -- i guess, to pay for the rueturns. unless there are ways to avoid these without standing in line, is there a way? >> well, i mean, the obvious thing is you can only buy what you need and what you're sure you want, but that's not realistic -- >> don't know which size is going to fit. >> right, exactly. when you're buying online, you don't know what

. >>> ahead, domino's higher by 4% u.p.s.erblown the stock is dunown 40%. >>> plus, the power playbook breaking down retail a key sector hit by inflation and supply chain issues this year whatam sulyo neshod u be watching heading into year end go. go smaller carbon footprint. go these footprints. go saving energy. emerson technology can help heat pumps replace fossil fuel heating for a cleaner, low carbon future. go blue skies go. go boldly. emerson. - oh, the stock market is doing that fun thing again. news from the future: you're going to live through that about 10 more times! (laughs) no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - [narrator] yieldstreet: private market investing. >>> less than 90 minutes left in the trading day. we want to catch you up on the markets. stocks, bonds, commodities and the fourth quarter playbook in the retail space we begin with the stock of the day. bob is at the twitter post at the nyse bob? >> haven't been here in a while, s

that's something we have heard fedex and u.p.s.about as well about 16% of your business is industrial business to business. 30% is consumer spending related. you mentioned that softening talk to us about the business spending environment when it comes to your business are we seeing businesses continue to send things out and continue to spend money in those areas? >> as a company, we have become more resilient and more robust with that high value freight focus. three or four years ago we possibly couldn't spell medical equipment correctly. we can now we're focusing with our customers to go after the high value freight shipments and those tend to be more resilient, more essential, less peaky we at the same time have become more robust, more strong, and more predictable >> you mentioned more business to business shipping also medical, also defense shipping has been up in general, do you see that sustainable through the fourth quarter? your business not as reliant on holiday peak, but what's your outlook going into q1 of next year do y

the u.p.s.n to a 25-day reserve supply and high diesel cost factor into high cost of goods because it gets passed through because of shipping charges and, yet, the democrats reportedly only spent about $10 million on inflation even though they dumped 10 times that amount into abortion ads. bret? >> bret: jacqui heinrich live on the north lawn. thanks. stocks were mixed today. the dow was up 2. the s&p 500 up 28.5 the nasdaq lost 228. up next, we will talk live with the republican nominee for georgia for u.s. senate herschel walker. but, first, look inside a local favorite. >> marietta diner, it's a staple here in cobb county since 1995. been serving breakfast, lunch and dinner 24 hours a day. there is 500 menu on the. politics also on the menu. why talked to a bunch of tables. a lot of them have already early voted. the question is in each race will a candidate get to 50 more if not in georgia they have to do it all again in the runoff in december. "special report" continues after this. >> tech:

the u.p.s. marshals had spotted him outside kavanaugh's house.orhood after flying across the country from california and so, we -- he was arrested and has been accused of plotting to kill him. the leak investigation, we still don't know who did it. >> that was 9 key phrase from alito. there were several moments there. number one was saying somebody that we still don't know about it and i remember sitting on the couch and saying if we don't find out who the person is before the opinion, it's just going to be out of here everybody is going to forget. the ruling going to be out. move on with our lives no. urgency to find out hot person is. the second thing he said there he said that there was a intent to intimidate the majority. and. >> steve: to change the outcome. kill one of them. >> lawrence: until it was released to the public even though they had a draft. justices could rewrite their opinion. >> steve: they do that all the time. >> lawrence: never hear anything about this leaker and goal there all this talk about protecting democracy. got a co

when you look at the, you know, sort of stepping back here, the response from the u.p.s., you have seent some point this week. we have seen the administration move to sanction members of the morality police, for example, officials there moved to boost internet access. that was an issue during parts of this demonstration over the course of the last several weeks. what is the impact on these moves? >> reporter: i think any efforts to help people like trying to find ways of circumventing the internet blockades and words of support and encouragement are always welcome. reality is that some of those efforts are not going to have any tangible effect. sanctioning the morality police isn't going to hinder their operations. any individual working for them isn't going to be traveling to the u.s. nor are they like to have assets in the u.s. that could be frozen. being personally sanctioned by the u.s. would be a badge of honor for many. allowing the internet to flow freely would be a significant change. president biden said he wants to make it easier for iranians to access the internet including o

. >> we'll have to see what comes out of the u.p.s. earnings we get tomorrow, too.heck" and what's going to be a busy week for you. i know you and the gang have a lot more on meta next hour. >> i'm going to rest up. it's our super bowl. >>> meantime, after the break, we'll catch up with alan blinder as the s&p trying to hang onto the flat line. 5%ards are back up, two-ye 4. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. - [narrator] if your business kept on employees through the pandemic, getrefunds.com can qualify you for a payroll tax refund of up to $26,000 per employee, even if you got ppp. and all it takes is eight minutes to find out. then we'll work with you to fill out your forms and submit the application. that easy. g

so a u.p.s. off a one-handed shot. >> ooh! >> oh, my gosh. after the celebration the delivery man just climbs back in the truck, off he goes. what a nice moment. >> so happy about the ring cameras it sometimes. otherwise, you are like, seriously, i did it. >>> lots more ahead on a wednesday morning, including our first look at a holiday special from the marvel universe. i can hear al roker screaming now. the beloved star making a cameo. >>> an extended member of the royal family, the queen consort's nephew who lives right here in the northeast, new jersey, sharing his story for the first time and we are lo discomfort back there? instead of using aloe, or baby wiwipes, or powdeders, try y the coolining, soothiningf or prepararation h. becacause your d derriere dedes expert carare. preparatioion h. get t comfortablble wit. ♪ ♪ ♪fifind it♪♪ ♪♪find itt♪ ♪try y it♪ ♪♪find itt♪ ♪♪paint it♪ ♪lolove it♪♪ ♪♪ ♪ ♪lolove it♪♪ (julian) ugh. geez. (cecily) ironic, edelman struggling with receptition. ♪♪ ♪ (jul

the -- the most conservative justices are from yale law school you have people who want to boycott u.p.sdisney -- >> that political diatribe -- >> ted cruz boycott nike the cancel culture on the right is the problem here intervening on decision make china is different from russia saudi arabia will see a pullback in defense contractors because ro khanna and senator blumenthal have been working on taking a look at crazy deals that we've done on the arms front with somebody who turns out not to be an ally. >> notwithstanding the gop, and i decry cancel culture wherever it comes from. i wrote a book about that -- >> have you condemned governor desantis for attacking disney? >> i don't think that companies -- i don't think cancel culture is best fought with cancel culture. you don't fight fire with fire, you best fight it with water -- >> have you attacked donald trump for calling for a boycott of comcast. >> if this is a cross-examination of me, you can read my book let's talk about the issue of china. this is the more important issue. you get intel who is in blackrock's climate-focused univ